South Carolina Property and Casualty Questions With Solutions 100% Correct
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Course
South Carolina Property And Casualty Insurance
Institution
South Carolina Property And Casualty Insurance
South Carolina Property and Casualty
Questions With Solutions 100% Correct
NIPR National Insurance Producer Registry
Producer Appointment the applicant must be appointed by a authorized representative of
the insurer.
Producer sell, solicit, negotiate, or receive and deliver insurance policies...
South Carolina Property and Casualty
Questions With Solutions 100% Correct
NIPR National Insurance Producer Registry
Producer Appointment the applicant must be appointed by a authorized representative of
the insurer.
Producer sell, solicit, negotiate, or receive and deliver insurance policies on behalf of the
insurer.
Individual Producer (Agent) Person who is authorized by an insurer to represent it and to
offer to the public insurance policies or contracts.
General Producer has the authority to supervise producers and local producers
Special Producer(or State Producer) No authority to solicit from the public, countersign
policies, or receive commission, assist General Producer.
, South Carolina Property and Casualty
Questions With Solutions 100% Correct
Travel Accident Sells only transportation ticket policies of accident and health insurance
or baggage insurance on personal effects.
NonResident Currently licensed as a resident and in good standing in his or her home
state; Applying for the same line of authority as held in the home state; Proper requests for
licensure have been submitted and required fees have been paid; the producer's home state
awards nonresident insurance producer licenses to residents of this state on the same basis.
Temporary License Maximum period of 180 days; to the surviving spouse or court-
appointed personal representative of a licensed producer who dies or becomes mentally or
physically disabled; to a member or employee of a business entity licensed as an insurance
producer, upon the death or disability of an individual designated in the business entity
application or the license; to the designee of a licensed insurance producer entering active service
in the US armed forces; Except for continuing education purposes, in any other circumstance that
the Director deems necessary.
Insurance Broker may place insurance either with an eligible surplus lines insurer or with
a licensed insurance agent with an insurance carrier licensed in this State (Insurance Shopper)
SLED report fee $25.00
, South Carolina Property and Casualty
Questions With Solutions 100% Correct
SLED report expires 90 days
Notice of hearing 30 days
Director will examine each authorized insurer 5 years
Examiner files report with DOI regarding examination 60 days
After examination report received by insurer, time to respond to DOI to request a hearing.
30 days
Director must give notice for hearing to insurer after examination 20 days
Age to apply for license 18 years old
Temporary license is valid 180 days
, South Carolina Property and Casualty
Questions With Solutions 100% Correct
To file with Director a producer's appointment 15 days
Director MUST verify the insurance producer is ELIGIBLE for appointment 30 days
Director must notify the agency the producer is INELIGIBLE for appointment 5 days
Insurer to notify producer of appointment TERMINATION 15 days
Insurer to notify DOI of TERMINATION of producer's appointment 30 days
For producer to file written complaints with DOI about termination 30 days
Reinstatement of license as long as fees and penalties (if any) are paid 6 months
Biennial deadline to pay the appointment renewal fee September 30
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